Santana-Jiménez, Yolanda; Pérez-Rodríguez, Jorge V. - Asociación Española de Economía y Finanzas … - 2007
This paper studies the exchange rate risk of Euro, Pound and Yen against US Dollar before and after the EMU. The key question is to analyse the impact of the Euro to exchange rate risks. The risk is measured by estimating risk price coefficient (RPC) from an excess return equation. A conditional...